Newscast The Budget: What To Watch Out For
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Nov 25, 2025 
Claer Barrett, the Consumer Editor at the Financial Times, dives into the looming budget changes that could affect your wallet. She discusses the expansion of the sugar tax and upcoming hikes in minimum wage. Claer highlights potential shifts in ISA regulations aimed at nudging savers towards stocks. Plus, she explores the implications of frozen tax thresholds and introduces the concept of a 'tourist tax' and potential council tax reforms targeting high-value properties. It's a captivating look at what to expect in the financial landscape!
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Six-Seven Dance Moment
- Adam and Chris joke about the TikTok "six seven" dance and Keir Starmer's apology for doing it in a school.
- The ban-then-dance moment sets a playful tone before the serious budget discussion.
Three Priorities And Tough Choices
- Rachel Reeves frames the budget around three goals: cutting cost of living, NHS waiting lists, and government debt.
- She warns these goals will require difficult trade-offs and likely tax measures described as "necessary."
Stealth Taxes Via Threshold Freezes
- Expect "stealth taxes" rather than headline rate rises, notably freezing tax thresholds for years.
- Freezing thresholds effectively raises income tax as pay rises push people into higher bands.